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EDEXCEL A-LEVEL ECONOMICS PAPER 1 EXAM 2025 QUESTIONS& ANSWERS
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EDEXCEL A-LEVEL ECONOMICS PAPER 1 EXAM 2025 QUESTIONS& ANSWERS 
 
Economics - ANS-The study of the allocation of scarce resources. 
 
Economic Goods - ANS-Resources that are scarce. 
 
Short Run - ANS-A time period where at least one factor of production is fixed. 
 
Long Run - ANS-A time period where all factors of production are variable. 
 
Productivity - ANS-The output per unit of input. 
 
The Economic Problem - ANS-Resources are scarce but wants are infinite. 
 
Scarcity - AN...
Edexcel A Level Economics (A) Paper 1 Mark Scheme June 2023
Edexcel A Level Economics (B) Paper 1 Mark Scheme June 2023
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